deficit

The effort to raise the country's borrowing limit saw the resumption of talks between President Obama and top congressional leaders on Wednesday. Kwame Holman reports on the lawmakers' race against the Aug. 2 deadline.

Tea Party supporters in the House pushed a "Cut, Cap and Balance" program on Monday, demanding a vote even though the House plan has little chance in the Democratic-controlled Senate. Kwame Holman reports on the debt-ceiling stalemate and the Senate's…

Syndicated columnist Mark Shields and New York Times columnist David Brooks weigh in on the week's top political news, including the debt limit standoff and President Obama's campaign fundraising haul.

There were no White House deficit talks Friday, but the behind-the-scenes maneuvering continued. In a public statement, President Obama called for Congress to produce a "serious plan" over the weekend.

The Senate gave up its Fourth of July recess to focus on raising the U.S. debt ceiling, but there was no sign Wednesday that lawmakers were close to reaching an agreement on the basic divide: tax hikes vs. spending cuts.